News | August 30, 2017

Toyoda Gosei To Establish A New Airbag Parts Plant In Vietnam

KIYOSU, JAPAN--(BUSINESS WIRE)--

Toyoda Gosei Co., Ltd. will establish a new plant in Vietnam to meet growing demand for airbags as safety regulations become more stringent in regions around the world.

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Rendering of New Plant (Graphic: Business Wire)

Rendering of New Plant (Graphic: Business Wire)

The new plant will be established as a branch plant of Toyoda Gosei subsidiary Toyoda Gosei Haiphong Co., Ltd. (TGHP), and will start production of airbag parts and steering wheels in July 2019 for export to final airbag assembly plants in Japan, North America, Europe, and other regions. Investment for the new plant will be US$24.6 million and construction will start in March 2018.

Airbags and other safety system products are a key business segment for Toyoda Gosei, and the company is moving to strengthen its production capacities for these products globally. Annual production capacity for these products in Vietnam was 14.5 million airbag parts and 2.2 million steering wheels in FY2016. The company plans to increase this to 23 million airbag parts and 3.2 million steering wheels by FY2023.

 
 

Outline of new plant

 

 

 
    Name   Toyoda Gosei Haiphong Thai Binh Plant (provisional name)
    Location   Tien Hai Industrial Park, Thai Binh Province, Socialist Republic of Vietnam
   

Start of production

  July 2019
    Products   Safety systems (airbag parts, steering wheels)
    Area  

Land approx. 113,000 m2

 

Building approx. 20,800 m2

    No. of employees   Approx. 1,000 (as of March 31, 2021)
 
 

Outline of TGHP (reference)

     
    Name   Toyoda Gosei Haiphong Co., Ltd.
    Location   Haiphong, Socialist Republic of Vietnam
    Established   September 2004
    Capital   US$50 million
    Shareholders  

Toyoda Gosei Co., Ltd. 95%

 

Toyota Tsusho Corporation 5%

    Products   Safety systems (airbag parts, steering wheels)
    No. of employees   3,128 (as of March 31, 2017)
 

About Toyoda Gosei

Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading specialty manufacturer of rubber and plastic automotive parts and LEDs. Today, the Toyoda Gosei Group provides a variety of high-quality products internationally, with a network of approximately 100 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and leading-edge technologies for automotive safety, comfort, and environmental preservation, Toyoda Gosei is a global supplier that aims to deliver the highest levels of quality, innovation, and satisfaction to customers worldwide.


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